Tensions between the two countries have escalated over USA pastor Andrew Brunson, who was arrested in Turkey almost two years ago over terrorism allegations.
Turkey has increased tariffs on several USA -origin products, including alcohol and tobacco products and cars, according to a new presidential decree published early Wednesday in the official gazette.
Turkey said Wednesday it is increasing tariffs on imports of certain USA products, including rice, cars, alcohol and coal - escalating a feud with the United States that has helped trigger a currency crisis.
The Eurasian country's president, Recep Tayyip Erdogan, announced on Tuesday that he would be calling for a boycott of all American electronics sold to the country's residents. On Aug. 14, he said Turkey would boycott US electronic products.
The currency has lost almost 40 percent against the dollar this year, driven by worries over Erdogan's growing influence on the economy and his repeated calls for lower interest rates despite high inflation.
The lira had nosedived in recent weeks, hitting a record low of 7.24 this week, as investors anxious about fundamental economic problems in the country and a diplomatic and trade dispute with the United States.
Turkey will continue to take steps to protect the Turkish lira's value in worldwide trade, Treasury and Finance Minister Berat Albayrak said on Tuesday.
Vice President Fuat Oktay, in a posting on Twitter, said the duties were in response to the US' "deliberate attacks on our economy".
Despite the rise, Turkey's currency has lost nearly a third of its value against the dollar since January, pushing up the price of everyday items and raising fears that its weakness could infect other emerging market currencies.
Mr Brunson's lawyer Ismail Cem Halavurt on Tuesday appealed again to a Turkish court to release him and lift his travel ban. Today, a Turkish court in the Aegean province of Izmir, where Brunson is on trial, rejected the pastor's appeal to be released from house arrest.
He said: "If they have the iPhone, there is Samsung elsewhere".
White House press secretary Sarah Sanders said the U.S. had seen "no evidence that Pastor Brunson has done anything wrong".
In this Friday, Dec. 25, 2015 photo, Turkey's President Recep Tayyip Erdogan, right, holds Turkish citizen Vezir Cakras by the hand while speaking on his mobile phone inside his auto in Istanbul.
The currency recovered after authorities took steps to help bank liquidity and limit swap transactions.
The plight of Brunson has dominated the Trump administration's policy toward its North Atlantic Treaty Organisation ally, even as the dispute roils currency markets.